I-77 Express Lanes, US
The I-77 Express Lanes project is a public-private partnership between North Carolina Department of Transportation ('NCDOT') and I-77 Mobility Partners to increase capacity and reduce congestion on the existing I-77 highway in North Carolina by widening 26 miles of road and adding managed lanes.
17.45% John Laing ownership interest
26 miles of highway widened
$170m saved in travel, reliability and vehicle costs
$30m contribution to local economy
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Charlotte is the largest city in North Carolina, and one of the fastest growing major cities in the US. The I-77 is a key north-south corridor connecting the major employment centre of downtown Charlotte with the growing residential communities of Iredell and Mecklenburg counties.
The reduction in congestion, and associated 'stop-go' traffic, coupled with pricing mechanisms designed to encourage the use of carpools and more energy-efficient vehicles should also reduce emissions and pollution to create more liveable local areas.
The I-77 Express Lanes were opened in 2019, following which users were quick to adopt and travel times showed clear improvements. Use of a public private-partnership has enabled the project to be delivered more quickly than traditional funding methods would have allowed.
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Since first investing in the project, John Laing has worked closely with its partners to de-risk the project through the construction phase and bring it into operation, including active support for technical enhancements to improve the user experience.
The I-77 Express project is moving people and commerce faster than ever before, according to a study by US consultancy Steer.
The study, published in Charlotte Business Journal, estimated that the improved efficiency of the project has saved approximately $170 million to date in travel time, reliability and vehicle operating costs, with an additional $1 million in safety and emissions savings secured. Meanwhile, productivity improvements credited to the enhanced traffic flow have contributed an extra $30 million to the local economy.
Ruta del Cacao, Colombia
John Laing acquired a 30 per cent stake in the Ruta del Cacao road project in Colombia in 2019. The acquisition marked the Group’s entry into Colombia, an OECD member state with a strong and stable PPP framework and a good pipeline of PPP projects focused on transport, a core area of John Laing expertise.
I-75 Modernisation Project, US
Modernisation of an 18-mile stretch of the I-75 in Michigan, USA.
I-77 Express Lanes, US
John Laing is a 17.45 per cent shareholder in I-77 Mobility Partners, the company that has developed and is operating the I-77 Express Lanes project.
A6 Parkway, Netherlands
This program includes an expansion of the road between Schiphol (A9) – Amsterdam (A10) – Almere (A6).
A16, Netherlands
The project consists of a new 11 kilometre connection between the A13 and A20 motorways north of Rotterdam in order to relieve congestion and improve access to The Hague airport.
A130 Bypass, UK
CountyRoute was chosen by Essex County Council in October 1999 as their private sector partner for the new A130 bypass.
